AFD - 2018 Registration document

6

Consolidated financial statements prepared in accordance with IFRS accounting principles adopted by the European Union 100 6.2 Notes to the consolidated financial statements 106 6.3 Statutory auditors’ report on the consolidated financial statements 167 6.4 Statutory auditors’ special report on regulated agreements and commitments 172 6.5 Fees 177 AFD’s annual financials statements 179 7.1 Highlights of the period 183 7.2 Accounting principles and assessment methods 184 7.3 Notes to the financial statements at 31 December 2018 192 7.4 AFD’s financial results over the last five years 204 7.5 Statutory auditors’ report on the annual financial statements 205 Person responsible for the registration document and the audit of the financial statements 211 8.1 Name and position 212 8.2 Certification of the person responsible 212 8.3 Name, Address and Qualification of the Financial Statements’ statutory auditors 212 8.4 Information Policy 212 99 6.1 Overview 9.3 Cross-reference table of the Registration Document 9.4 Cross-reference table of the CRR articles and the Pillar III report tables 9.5 Appendix 1 – AFD’s operating region 9.6 Appendix 2 – AFD simplified balance sheet based on French GAAP 9.7 Appendix 3 – AFD simplified income statement based on French GAAP 9.8 Appendix 4 – Key ratios and indicators 9.9 Appendix 5 – Results of operating activities for the last 5 reporting years (parent company DTC) 9.11 Appendix 7 – Summary table of AFD’s and Proparco’s loans in foreign countries (1) 9.12 Appendix 8 – Table of Proparco’s approvals 9.13 Appendix 9 – Note on DPEFmethodology 215 217 220 223 224 225 9.10 Appendix 6 – AFD approvals Additional information 213 9.1 Cross-reference table of themanagement report 214 215 9.2 Incorporated by reference

A word from the CEO

2 3 5 6

Our Key figures

Our strategy 20 18–2022 4 main operating regions

Methodology and glossary

8

1

Presentation of AFD 1.1 General information

9

10 11 12 15 17

1.2 AFDGroup’s 2018–2022 strategy

7

1.3 AFD operations

1.4 Financing activities on its own behalf

1.5 AFDGroup

1.6 Activities of the Agence Française de Développement group in 2018

20

2

Statement of non-financial performance

33

2.1 The business model

34

8

2.2 Identification of themain non-financial challenges and risks 2.3 Transparency and dialogue with stakeholders 2.4 Managing the risks and impacts of our action 2.5 Impact of the group’s activity on sustainable development 2.6 Coordinationwith development players: the “automatic switch to partnership”

35 37 38

41

45 46 49

2.7 Fair practices

2.8 Ameaningful work environment

2.9 Report fromone of the statutory auditors, as a designated independent third party, on the voluntary consolidated statement of non-financial performance included in the management report

9

52

3 4

Corporate governance

55

3.1 Report on corporate governance 3.2 Compensation policy and practices

56 65

Risk management

69

4.1 Risk factors

70

4.2 Basel III pillar 3 4.3 Riskmanagement

71

82

5

Financial information

89

225 226 227 230 232 234

5.1 Recent changes and future prospects

90 92

5.2 Post-closing events

5.3 Economic presentation of the consolidated financial statements

92

9.14 Appendix 10 – DPEF appendices